It’s the land and location that matters.
What it’s sitting on it is irrelevant-unless you are so unfortunate to have acquired a building of historic significance…or a midden.
Isn’t is interesting to watch the media and government to dance around taxing offshore investment. Even though doing so is commonplace elsewhere.
After all- that would be biting the investment arm that donates so heavily to political parties and is the life blood to the media in buying advertisement.
I see no problem in taxing offshore investment in “new”condo developments- it certainly won’t hurt the secondary market nor people with houses…..

Provincial govermin wants to give British Columbians a break to buy a home then REMOVE the Property Transfer Tax for BC residents, its a TAX for WHAT?

Also property taxes are hitting home owners on VALUE of the home and property NOT on services not provided. Same goes for people who’s RENTS include them taxes. For what? more money to waste by city hall?